We expect NZDUSD to trend downwards later today. Based on these past Australia Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < A$7.4B. A price movement of 9 pips is expected. Historical events that allowed us to draw this conclusion
08 Jan 00:30 |
06 Dec 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
